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Idera: 2Q Earnings Snapshot

August 8, 2019

EXTON, Pa. (AP) _ Idera Pharmaceuticals Inc. (IDRA) on Thursday reported a loss of $11.2 million in its second quarter.

The Exton, Pennsylvania-based company said it had a loss of 39 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 42 cents per share.

The drugmaker posted revenue of $1.4 million in the period.

The company’s shares closed at $2.56. A year ago, they were trading at $5.72.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IDRA at https://www.zacks.com/ap/IDRA

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